Does age define a succesful entrepreneur? (PDF)

Essay from the year 2017 in the subject Business economics - Business Management, Corporate Governance, grade: 2,0, Leuphana Universität Lüneburg (Institute of Strategic HR Management, Research and Development), course: Entrepreneurship, language: English, abstract: Close your eye and image a talented and skillful entrepreneur for a moment
Is he or she a sixty-years old graduated astrophysicist or a young college dropout who was annoyed by boring assessment load? Is he or she a mother or a father of three who had put money aside before he or she founded a company or do you image a venturesome rebel who has his or her whole life in front of him or her? Is he or she a person who executes as a civil servant the same processes and activities for a long time or is he or she a creative mind who scrutinizes in his or her young ages everything and everyone?

If you have chosen the second variant for all three questions, you probably bought into the myth, which is always mentioned in the context of the age of entrepreneurs. A lot of people envision a young person if they think about successful entrepreneurs. Because of that the WirtschaftsWoche took among other myths this one up and tried to refute it.

Nevertheless, there is still a specific picture in the head. You think of Mark Zuckerberg who dropped out of college and founded Facebook with only nineteen years. Or of Bill Gates who was also nineteen years as he founded his company Microsoft.

But are these specific examples the proof that successful entrepreneurs must be young or are young entrepreneurs rather exceptional cases in an environment where older people have an advantage?